ethereum
* Matter Labs, the company behind Ethereum scaling network ZKsync, has laid off 16% of its workforce. * The decision was made due to changing market conditions and the need to align talent with business needs. * The layoffs impacted 24 employees, but the company is still hiring for critical roles. * Former employees
ethereum
1. Ethereum layer-1 network revenue has dropped by 99% since March 2024. 2. Monthly users and daily transaction costs on layer 2s have increased despite the revenue decline. 3. Network fees reached their highest levels for the year on March 5, 2024, at $35.5 million. 4. The Dencun upgrade
ethereum
* US gov wallet transfers 300 ETH to address ending in “d46” on Aug. 5. * Wallet balance now $0, funds from US government seizure. * ETH price drops post-ETF launch due to lack of demand. * 130,000 ETH sold, causing price to drop to $2,100 on Aug. 5. * Ethereum ETFs see
ethereum
* VanEck filed Form 8-A for a spot Ethereum ETF, signaling potential launch by July 2. * SEC reviewing S-1 applications for Ethereum ETFs, likely to approve by summer. * Bitwise, VanEck, and Franklin Templeton gearing up for Ethereum ETF launch. * Eric Balchunas predicts Ether ETFs could be available for trading soon. Political
authentication
* Additional security feature implemented by EigenLayer for EigenDA on Ethereum mainnet * Whitelist security measure using IP address or ECDSA authentication for enhanced protection * ECDSA authentication verifies user identity using elliptic curve cryptography * EigenDA offers free tier with high throughput, exceeding needs of busy rollups * Partners can request increased throughput beyond
ethereum
* Asset managers submit revised proposals for Ethereum ETFs to SEC, including VanEck, BlackRock, Grayscale, and Invesco Galaxy Digital. * VanEck's Ethereum fund reveals a 0.20% management fee, putting pressure on competitors like BlackRock. * Fidelity files new S-1 form with SEC for an Ethereum ETF, aiming for a July
ethereum
* Ether and Bitcoin volatility indexes show excitement over upcoming spot ETH ETFs. * Institutions may use spot ETFs for non-directional basis trades, impacting volatility pricing. * Ether's implied volatility exceeds Bitcoin's, but demand for ETH ETFs may be tepid. * Open interest in CME ether futures is significantly lower
ethereum
* ETH MVRV rising faster than BTC MVRV, indicating potential overvaluation. * Ethereum's MVRV up 29.9% in 30 days, reaching 91.43% compared to Bitcoin's 127.41%. * High MVRV suggests potential overvaluation, but ETF trading may support prices. * Analyst predicts Ether to reach $10,000 by end
ethereum
* The SEC closed its investigation into Consensys, not recommending enforcement action. * Ether price rose after Consensys received letters from the SEC. * Consensys sued the SEC in April over Ethereum's regulatory status. * The SEC approved spot Ether ETFs, indicating ETH as a commodity. * Consensys celebrates the SEC's
ethereum
* Ethereum's Dencun upgrade cut L2 transaction costs; Pectra upgrade set for Q4 2024/Q1 2025. * Pectra combines Prague and Electra upgrades for flexibility and optimization. * Pectra includes 9 Standard EIPs and 11 constituent EIPs for network enhancements. * Notable additions in Pectra include BLS curve operations, block hash storage,
ethereum
* Optimism's Layer 2 blockchain now has fault proofs, advancing to Stage 1 decentralization. * Users can withdraw Ether and ERC-20 tokens without third-party involvement. * Fault proofs allow users to challenge and remove invalid withdrawals. * Collaborative effort from OP Labs, Base, and Sunnyside Labs to implement fault proofs. * Security Council
competition
* Consensys launched pooled staking on MetaMask for any amount of Ether. * Utilizes StakeWise protocol for increased accessibility to staking rewards. * Rolling out in stages, not yet available to U.S. or U.K. users. * Regulatory uncertainty hinders availability in certain jurisdictions. * MetaMask aims to bridge the gap for users with